| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13469 |
| DP13469 A theory of structural change that can fit the data | |
| Simon Alder; Timo Boppart; Andreas Müller | |
| 发表日期 | 2019-01-21 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We study structural change in historical consumption expenditure of the United States, the United Kingdom, Canada and Australia over more than a century. To identify preference parameters from aggregate data, we characterize the most general class of preferences in a time-additive setting that admits aggregation of the intertemporal saving decision. We parametrize and estimate such intertemporally aggregable (IA) preferences and discuss their properties in a dynamic general equilibrium framework with sustained growth. Our preferences class is considerably more flexible than the Gorman form or PIGL/PIGLOG, giving rise to a good fit of the non-monotonic pattern of structural change. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Structural change Multi-sector growth model Non-homothetic preferences Relative price effects Non-monotonic engel curves Aggregation |
| URL | https://cepr.org/publications/dp13469 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542284 |
| 推荐引用方式 GB/T 7714 | Simon Alder,Timo Boppart,Andreas Müller. DP13469 A theory of structural change that can fit the data. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
